Reuters India Business Archives - Page 1126 of 1191

Emerging markets post longest streak of monthly outflows since 2015, IIF says

6 Jul 2022 6 Jul 2022

NEW YORK (Reuters) – Emerging markets suffered a fourth straight month of portfolio outflows in June, notching the longest losing streak in seven years, as recession fears and inflation rattled investors, data from the Institute of International Finance showed. June saw non-resident portfolio outflows of $4.0 billion, according to the data published on Wednesday, which …

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Reliance to bring Gap to India in latest retail bet

6 Jul 2022 6 Jul 2022

BENGALURU (Reuters) -Reliance, India’s largest retailer, said on Wednesday it has partnered with Gap Inc to sell the U.S. clothing retailer’s brands locally, marking its latest expansion in the booming consumer market. Under a long-term franchise agreement, Reliance will sell Gap merchandise through a mix of exclusive brand stores, multi-brand outlets and e-commerce platforms, the …

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Indian shares gain on finance, consumer boost after overnight oil selloff

6 Jul 2022 6 Jul 2022

BENGALURU (Reuters) -Indian shares posted their best session in two weeks on Wednesday as finance and consumer goods stocks gained, with an overnight slide in crude prices soothing some inflation worries. The NSE Nifty 50 index rose 1.13% to 15,989.8, while the S&P BSE Sensex climbed 1.16% to 53,750.95, with both indexes marking their best …

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India’s July palm oil imports may surge to 10-month high as prices plunge

6 Jul 2022 6 Jul 2022

By Rajendra Jadhav MUMBAI (Reuters) – India’s palm oil imports in July are set to jump to the highest in 10 months because of a hefty correction in prices and as Indonesia allows more exports of the tropical oil, four dealers told Reuters. Higher purchases by India, the world’s biggest importer of vegetable oils, may …

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Indian bond yields dip on global recession fears; rupee near record low

6 Jul 2022 6 Jul 2022

By Swati Bhat MUMBAI (Reuters) – India’s benchmark 10-year bond yield dropped to its lowest level in six weeks while the rupee remained near record lows on Wednesday as fears of a global recession hit investor sentiment ahead of the release of the U.S. Federal Reserve’s June meeting minutes. The 10-year bond yield was trading …

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India’s export curbs, tax hike to exacerbate global diesel, gasoline shortage

6 Jul 2022 6 Jul 2022

By Mohi Narayan NEW DELHI (Reuters) – India’s latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline exports in the second half of the year, keeping global supplies tight and underpinning prices, traders and analysts said. The world is grappling with tight gasoline and diesel supplies as Western sanctions have …

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Indian rupee hits record low on current account deficit concerns

6 Jul 2022 6 Jul 2022

By Swati Bhat MUMBAI (Reuters) -The Indian rupee hit a record low against the U.S. dollar on Tuesday as concerns of a wider current account deficit came to the forefront after the country’s trade deficit hit an all-time high in June. Data late on Monday showed India’s June trade deficit widened to a record high …

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Young Indian job seekers fume over shortened military contracts

6 Jul 2022 6 Jul 2022

By Saurabh Sharma ARRAH, India (Reuters) – Prem Prakash has been trying for five years to get a job in India’s armed forces, which used to provide employment for 17 years to the lucky few who passed the exams and physical tests. But since the government announced a new recruitment system for the military aimed …

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Twitter seeks judicial review of Indian orders to take down content -source

6 Jul 2022 6 Jul 2022

By Munsif Vengattil NEW DELHI (Reuters) -Twitter asked an Indian court on Tuesday to overturn some government orders to remove content from the social media platform, a source familiar with the matter said, in a legal challenge which alleges abuse of power by officials. The U.S. company’s attempt to get a judicial review of the …

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Global corporate debt to drop amid higher funding costs, study finds

6 Jul 2022 6 Jul 2022

By Davide Barbuscia NEW YORK (Reuters) – Global corporate net debt has fallen by 1.9% to $8.15 trillion in the past year as higher borrowing costs reduce appetite for new financing and strong cash flows from years of accommodative monetary conditions help companies repay existing debt, a study of 900 top firms released on Wednesday …

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